oil rig decommissioning

Over two thousand oil and gas wells in the UK sector of the North Sea will need to be decommissioned over the next decade at a total cost of

The cost estimate of decommissioning oil and gas infrastructure in the UK sector of the North Sea has been cut by 25% in the past five years, reflecting the

A.P. Moller – Maersk has opted to close the oil rig decommissioning business it launched in 2018. Named Maersk Decom, the company was launched as a 50-50

By Eric Roston (Bloomberg) — Fifty miles southeast of Grand Isle, La., sits the Lena, which used to be an oil rig owned by ExxonMobil. After the site

By David Wethe and Jennifer A. Dlouhy (Bloomberg) –The U.S. is looking to tighten requirements on bonds issued by a growing number of bankrupt oil

SINGAPORE, May 23 (Reuters) – Dutch firm Heerema Marine Contractors and Singapore’s Sembcorp Marine, on Thursday, showed off the world’s

A.P. Moller – Maersk’s new oil rig decommissioning unit had its name unveiled last week along with confirmation that its senior management team is now

Lloyd’s Register (LR), WorleyParsons, and Ardent have teamed up to launch a new consortium targeting the global oil and gas decommissioning market. The

Maersk Drilling and Maersk Supply Service have announced a joint venture that will provide decommissioning services to offshore oil and gas operators. The

Netherlands-based Heerema Marine Contractors (HMC) says it has received notice from ConocoPhillips about its intention to enter into a contract for a

By Mikael Holter (Bloomberg) — As oil majors are considering exiting Norway, the government is warning them that they could still be on the hook for

By Susan Gourvenec and Erika Techera, University of Western Australia (The Conversation) – The global offshore oil and gas industry has installed a

With the seemingly indefinite slump in the North Sea oil and gas industry, it’s no surprise to see a number of companies grappling with the down market

Oil company Shell intends to start a 10-year process to dismantle and remove one of Britain's oldest and biggest oil platforms, Brent Delta, the company said

There are about 300 rigs in the UK North Sea and the cost of decommissioning is expected to exceed 40 billion pounds ($65 billion) until 2040, with expenditure